Assume Bonnie has $64 to spend on hairbands and earrings. Her budget constraint is shown in the graph shown. Which of the following can be said about Bonnie's choices?
A. Bonnie can buy twice as many hairbands as earrings.
B. Earrings must cost $16 each.
C. Hairbands must cost $8 each.
D. All of these are true.
D. All of these are true.
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Suppose that from a new checkable deposit, First National Bank holds two million dollars in vault cash, eight million dollars on deposit with the Federal Reserve, and nine million dollars in excess reserves
Given this information, we can say First National Bank has ________ million dollars in required reserves. A) one B) two C) eight D) ten
If there are four firms in a market and one has a 40 percent market share, one has a 25 percent market share, one has a 20 percent market share, and one has a 15 percent market share, the Herfindahl-Hirschman Index (HHI) in this market is ________.
A) 2,850 B) 5,250 C) 1,270 D) 8,250
In economics, the term "leisure" refers to:
A. nonwork activities that individuals enjoy doing. B. those activities that individuals enjoy doing. C. all nonwork activities. D. the vacation time on receives when working.
Which of these is most likely to result when a demand-management policy is used in an economy that is experiencing stagflation?
a. A decrease in investment spending b. An increase in the rate of inflation c. An increase in unemployment d. A decrease in the rate of inflation e. A decrease in real GDP